Kore Energy

Gas Market Nominations at the Freeport LNG facility in Texas increased to near full capacity over the weekend and NBP wholesale gas futures at the front of the curve fell by over 4.00p on Monday.  Forecasts for slightly higher temperatures for the week ahead also helped pressure the prompt and near months while LNG deliveries […]

Gas Market NBP curve contracts spent much of Friday trading below their previous close until a late rally reversed direction. British Medium Range Storage (MRS) capacity dropped to a low of 22%, which exacerbated supply concerns. February-25 gained 1.23p to close the week at 124.73p per therm.  The front quarter increased by 0.81p to settle […]

Gas Market GB wholesale gas prices opened firmer with early gains of around a penny being extended to over 3.50p per therm by mid-morning on Thursday.  The front month of the NBP, February, peaked at 127.69p helped by a tight gas system and expected rise in gas demand next week.  However, reports that Freeport LNG […]

Gas Market NBP prices were uncertain over what direction to take on Wednesday morning, but ultimately moved lower as the day progressed. A balanced system, strong supply from Norway, as well as forecasts for strong winds for the coming days eased some short-term supply concerns. Day ahead fell by 4.40p day-on-day to settle at 124.10p […]

Gas Market  Gas prices increased due to a combination of factors. Gas flows to one of the US largest LNG facilities, Freeport were halted due to the extreme weather conditions in the US. The storm has also caused ports in the area to close, restricting LNG tankers’ ability to load at the facility. The uncertain […]

Gas Market NBP prices had a volatile start to the week on Monday, with near curve contacts trading across a wide spread after opening below their previous close. The February-25 contract reached an intra-day low of 116.90p per therm early on, but went on to settle at 121.35p per therm, a 3.04p premium to its […]

Gas Market  NBP futures tracked Dutch gas prices higher on Friday and near months settled an average of 1.86p per therm higher. The TTF rose on the back of higher carbon EUAs on the day as the Spot price for European allowances climbed to a 14-month high. Friday’s gain of 1.92p for the front month […]

Gas Market Near months for the NBP curve eased by around 2.00p early on Thursday but with reports of Isreal potentially holding up the ceasefire the market failed to gain any further momentum. The February contract settled 2.06p lower at 116.39p per therm while the Summer-25 contract was down 1.40p at 114.13p.  After opening softer […]

Gas Market The NBP experienced choppy trade activity on Wednesday, with prices spending much of the session above their previous close before tapering off in the afternoon. An uncertain supply outlook for the coming months as well as simmering geopolitics drove volatility on the day. Muted competition for LNG from Asian markets amid high Japanese […]

Gas Market  Following Monday’s sharp gains, the market appeared poised to maintain its momentum as prices traded close to Monday’s close through the morning. The front-month contract remained within a tight 1p range, oscillating half a penny either side of Monday’s 121.50p/th settlement. Similarly, the Summer-25 contract peaked at 118.72p/th, showing a modest gain of […]